With two recent incidents, the government is rushing to control damage to Karnataka’s image as an industry-friendly state. Within days of the violence at Wistron in Karnataka’s Kolar, reports have emerged that the Taiwan-based company is reconsidering its expansion plan. Wistron, which currently has 1,200 permanent employees at its Kolar …
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Toyota Motor Corp. said Tuesday that it remains committed to the Indian market and its local unit announced an investment of more than ₹Rs 2 billion, just hours after a report quoted a senior company official as saying the company will halt its expansion plans due to high taxes on …
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Union Minister Prakash Javadekar on Tuesday denied a report that Toyota Motor Corp would not expand further in India due to the country’s high tax regime. “The news that Toyota Company will stop investing in India is incorrect. @Vikramkirloskar has clarified that Toyota will invest more than ₹2000 crore in …
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